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  • October 30, 2014
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  1. Railway builders may shift focus home after Africa setbacks

    Posted Apr 27th 2009, 12:00am by Toh Han Shih

    ... Toh Han Shih The two leading mainland rail construction firms, China Railway Group and China Railway Construction Corp (CRCC), are expected to cut back on overseas ventures and focus ... in their multibillion-dollar projects in Africa, analysts say. The consensus forecast of 23 analysts in a Bloomberg survey is for China Railway's net profit to fall 36.7 per cent to 1.53 billion yuan (HK$1.73 ...

  2. Beijing railway chief axed in wake of crash

    Posted Oct 17th 2011, 12:00am

    ... that Huang may be transferred to a deputy managerial post at Beijing-Shanghai High-Speed Railway Corporation. Xinhua reported later yesterday the Beijing bureau had confirmed Huang had on 'a ... Will Clem in Shanghai william.clem@scmp.com In another indication that more reshuffles are looming in the nation's embattled railway system, the railways minister has announced plans ...

  3. Beijing's budget for railways slashed

    Posted Apr 14th 2011, 12:00am

    ... in the Ministry of Railways leadership resulted in a full reassessment of the regulatory approval process.' In the first quarter of this year, new orders at China Railway, which is listed in Shanghai and Hong Kong, fell 25 per cent to 90 billion yuan, of which only 20 billion yuan was for railway projects, down 50 per cent year-on-year, Li said. Meanwhile, China Railway Construction Corporation ...

  4. Railway ministry targets corruption

    Posted Apr 04th 2011, 12:00am

    ... reported recently that suspects held a total of 139 million yuan in illegally obtained funds through 18 infrastructure projects. A general manager at the China National Nuclear Corporation ... Cary Huang in Beijing The Ministry of Railways, which is still reeling from the recent sacking of its chief, is cracking down on internal corruption linked to tenders for lucrative ...

  5. Doubts remain on railway safety

    Posted Jan 02nd 2012, 12:00am

    ... along with Liu; and Ma Cheng, president of the China Railway Signal and Communication Corporation, who died shortly after the accident. Liu and Zhang face criminal charges, while another 54 ... week's long-overdue report does not augur well. Nor, despite the admitted massive scale of negligence towards safety in the Railways Ministry, is it comforting that most of the blame has been ...

  6. Beijing puts brakes on railways

    Posted Aug 11th 2011, 12:00am

    ... July 25 and September 30. The Ministry of Railways has already ordered China CNR Corporation to temporarily halt production of CRH380BL high-speed trains by a subsidiary, the Changchun Railway ... by the State Council, drawing up new operating guidelines and timetables for passenger trains. Professor Wang Mengshu, deputy chief engineer of the China Railway Tunnel Group and a key drafter ...

  7. More to come at CRCC after 6.6b yuan profit

    Posted Apr 28th 2010, 12:00am by Celine Sun

    ... Celine Sun State-owned rail builder China Railway Construction Corp (CRCC), which posted an 81 per cent gain in net profit to 6.6 billion yuan (HK$7.49 billion) last year, expects to reap ... Despite the economic downturn, the company is a beneficiary of Beijing's stimulus measures, which include speeding up the construction of high-speed railway network across the country. ...

  8. Beijing makes urban rail sector stimulus moves

    Posted Jun 07th 2012, 12:00am

    ... and infrastructure construction firm, announced yesterday that late last month it had won a 16.85 billion yuan contract to build the metro line No7 in Shenzhen. On May 31, China Railway Construction ... , said CRCC. Between 2011 and 2015, 1.2 trillion yuan would be invested in building 2,500 kilometres of urban railway, according to the China Urban Mass Transit Association. 'The ...

  9. Railway official 'owns US$1m California villa'

    Posted Dec 21st 2011, 12:00am

    ... Priscilla Jiao priscilla.jiao@scmp.com The former deputy chief engineer at the Ministry of Railways, Zhang Shuguang, who has been under investigation since February for alleged severe ... Ding Shumiao, a businesswoman from Shanxi province who supplied equipment to the railways, was arrested in Beijing in January. Zhang, 55, was believed to have been the right-hand man to Liu ...

  10. Railways to stay in hands of state

    Posted May 11th 2011, 12:00am

    ... Cary Huang in Beijing The Railways Ministry has ruled out privatising the heavily indebted state-owned industry amid growing concern about its financial health. Ministry spokesman Wang ... to rampant graft. Former railways minister Liu Zhijun was sacked in February on suspicion of corruption linked to tenders for lucrative construction projects. In his online chat with internet users ...




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